Almost half of Canadians do not have a Will. Presumably persons wish to make Decisions about where their assets end up when they die.Do you want to ensure that the wealth you accumulated in a lifetime of effort goes to where you want ? A properly prepared Will (often called a Last Will & Testament) that is regularly updated is the only way you are certain that your assets are distributed according to your wishes.
Enduring Power Of Attorney
DO YOU NEED ONE?
Although almost half of Canadians do not have a Will-even fewer know about or have in place, an Enduring Power of Attorney. Yet, for a middle aged man, for example, the chances of becoming incapacitated by an accident or disease are over 3 times greater than the chances of premature death.Most of us in mature years, force ourselves to contemplate the reality of our mortality. Far fewer can envisage a circumstance of mental deficiency for themselves.
Personal Representation Agreements
WHAT ARE THEY?
What happens when we can't give directions for ourselves about our medical treatment? Who will make those decisions for us? In British Columbia , there are laws that offer some help. They have created a list of people who can make health decisions for you. The power falls to the first person on the list, and so on down the list to the next able and willing person. In this Province, the first in line is a person named in a Personal Representation Agreement and thereafter a spouse, child parent or sibling.